Gibraltar Industries (ROCK) FY2018 results: revenue $837 million, down 15.2% on the year
Gibraltar Industries, Inc. (ROCK) reported revenue of $837 million for fiscal 2018, the year ended 31 December 2018, down 15.2% on the year before. Net income was $64 million, up 2.0%, and diluted earnings per share $1.96. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$837 million
-15.2% on the year
FY2011FY2018
Operating margin
9.7%
9.4% a year earlier
FY2011FY2018
Net income
$64 million
+2.0% on the year
FY2011FY2018
Diluted EPS
$1.96
+1.0% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
837
987
1,008
-15.2%
Cost of revenue
626
750
763
-16.6%
Gross profit
211
237
245
-10.8%
Gross margin
25.2%
24.0%
24.3%
Research and development
1.7
2.9
2.2
-41.4%
Selling, general and administrative
128
143
161
-10.6%
Operating income
81.1
92.8
73.5
-12.6%
Operating margin
9.7%
9.4%
7.3%
Interest expense
12.1
14.0
14.6
-14.0%
Pre-tax income
67.1
77.9
50.0
-13.8%
Income tax
13.0
14.9
16.3
-12.9%
Effective tax rate
19.4%
19.2%
32.5%
Net income
63.8
62.6
33.7
+2.0%
Net margin
7.6%
6.3%
3.3%
Diluted EPS
$1.96
$1.94
$1.05
+1.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
97.5
70.1
124
+39.2%
Capital expenditure
10.4
11.4
10.8
-9.0%
Free cash flow
87.2
58.7
113
+48.6%
Free cash flow margin
10.4%
5.9%
11.2%
Cash from investing
-14.5
-16.8
-23.9
Cash from financing
-6.2
-2.6
1.3
Depreciation and amortisation
17.4
21.7
24.1
-19.6%
Share-based compensation
9.2
7.1
6.4
+29.0%
Buybacks
7.2
2.9
1.5
+149.5%
Diluted shares, weighted
33m
32m
32m
+0.9%
Shares outstanding at period end
33m
32m
32m
+1.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
597
532
461
+12.2%
Debt
210
210
210
+0.2%
Other liabilities
255
250
248
+2.0%
Total liabilities and equity
1,062
991
918
+7.1%
Fixed assets
95.8
97.1
108
-1.3%
Goodwill
302
321
304
-6.1%
Intangible assets
96.4
106
111
-8.9%
Cash and equivalents
297
222
170
+33.6%
Receivables
140
145
124
-3.5%
Inventory
98.9
86.4
89.6
+14.5%
Other assets
31.7
13.4
11.3
+136.1%
Total assets
1,062
991
918
+7.1%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.